AML / KYC

SEBI to Start Requiring FPIs to Provide LEI to Trade in India

23/07/2023

SEBI plans to give non-individual FPIs six months to provide an LEI, failing which their accounts will be blocked for further purchases.

Securities / Derivatives

SSE, SZSE Introduce Ratings System for IPO Sponsors

22/07/2023

China’s primary exchanges adopt performance ratings for sponsors to combat fraud, enhancing capital market integrity and investor confidence.

AML / KYC

China Dismantles Online Gambling Ring, Seizes $160m in Crypto

22/07/2023

Police said the scheme involved a “maze-like criminal network” that used virtual assets to launder money overseas.

Fintech / Regtech

Alipay, WeChat Pay Start Accepting Foreign Credit Cards

21/07/2023

The move allowed travellers to pay for goods and services across China, where mobile payments are needed for most basic necessities.

Crypto / Digital Assets

BOJ Holds First Meeting of Expert Panel on CBDCs

21/07/2023

The first meeting of the CBDC Forum was held on Thursday, including participation from about 60 private business operators.

Market Infrastructure

US Launches Instant Payments Service, FedNow

21/07/2023

35 early-adopting banks and credit unions are ready with instant payments capabilities via FedNow, and 16 additional service providers are supporting payment processing.

Capital / Liquidity

PBOC Raises Macroprudential Cap on Overseas Borrowing

21/07/2023

The higher cap, applicable to both financial and nonfinancial businesses, is expected to encourage more capital inflows and provide support to the yuan.

AML / KYC

Singapore Police Issues Advisory on Investment Scams

20/07/2023

The Singapore Police Force said 498 victims lost at least S$25.5mn through investment scams since June.

Market Infrastructure

Vietnam Launches New Bond Trading Platform at HNX

20/07/2023

The system will also support businesses in mobilising mid and long-term capital, helping them reduce their dependence on bank credit.